Arab Future Energy Index (AFEX) 2016 - Renewable Energy

The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) launches the 3rd edition of its flagship publication, the Arab Energy Future Index (AFEX) Renewable Energy 2016 report in partnership with the United Nations Development Programme (UNDP) and its Arab Climate Resilience Initiative (ACRI).

The Arab Future Energy Index (AFEX)  is the first Arab index dedicated to monitoring and analyzing sustainable energy competitiveness in the Arab region and offers both quantitative and qualitative analysis on key renewable energy and energy efficiency markets in 20 Arab countries.

The report shows that, for the first time, the renewable energy capacities surpassed the 3000 megawatt threshold, with plans up to 2030 exceeding 80 thousands megawatts.

Some Key Findings:

• Morocco, Jordan, Egypt, UAE, Palestine and Algeria lead Arab renewable energy competitive markets and investment climate for projects development.
• Tunisia and Lebanon have successfully leveraged small-scale investments with pioneering financial solutions dedicated to renewable energies and energy efficiency.
• Yemen’s residential and commercial sectors resorted to solar PV solutions to face the vulnerable energy situation imposed by the current political challenges.
• In 2016, the Arab region surpassed 3000 MW of renewable energy (non-hydro) installed capacity for the first time, with plans up to year 2030 exceeding 80 thousands megawatts.
• The region is beginning to see worldwide flagship solar and wind projects, with very competitive electricity prices, especially in UAE, Morocco and Egypt.
• In Algeria and Egypt several small and medium sized PV plants came on line in 2015 under the feed-in tariff schemes adopted in the two countries.